By Mohammed Abu Meleeh

Riyadh-Mubasher: Saudi Research and Marketing Group (SRMG) said on Sunday that some of its shareholders sold a 55.21% stake to two investment funds owned by the National Commercial Bank (NCB).

The two funds are NCB Capital 4 and NCB Capital 13 which acquired 25.3% and 29.9% of the company’s shares in a row.

The funds will likely replace the major shareholders’ list of SRMG – Kingdom Holding, Prince Faisal Ahmed bin Salman Al Saud and Mohammed Hussein Alamoudi – on Sunday.

Translated by Abdul Maguid Aboshahla